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No crushing next season if Rs 100 bn debt isn't settled: UP sugar mills

Millers write to Yogi govt, cite precarious financial position due to massive arrears of previous crushing season

No crushing next season if Rs 100 bn debt isn't settled: UP sugar mills

Ahead of the sugarcane area reservation meetings next week, the private sugar millers in Uttar Pradesh reiterated on Friday their unwillingness to operate units for the coming 2018-19 crushing season until the core issue of outstanding burden of more than Rs 100 billion is decisively settled by the state government. The reservation meetings, beginning from September 11 to 22, are conducted to reserve sugarcane area to respective mills depending upon their capacity, demand, performance in previous crushing season, payments ratio etc. However, in a letter addressed to ...